From Bloomberg System could become a hurricane Friday and slam coast Saturday, one-third of Gulf oil output shut as firms evacuate workers A gathering storm in the Gulf of Mexico that’s already flooding New Orleans could grow into a hurricane before slamming into Louisiana this week, drenching the region with as much as a foot of rain. The system, about
From Reuters Major Canadian oil companies, which publicly disagreed over the Alberta government’s forced curtailments this year, are in lockstep over how to end the production limits and reinvigorate the battered industry. Senior executives from Suncor Energy, Canadian Natural Resources, Imperial Oil Ltd and Cenovus Energy said at a TD Securities investor conference in Calgary on Tuesday that they are
From The Pittsburgh Post-Gazette Toby Rice is set to take control of EQT Corp., nine months after launching a fast-moving campaign to replace the oil and gas company’s leadership and less than two years after selling his company Rice Energy Corp. to EQT. In a highly anticipated vote to tallied at EQT’s annual meeting on Wednesday, the Downtown company’s shareholders
From The Houston Chronicle Oil tanker owners are avoiding sending their ships to the Middle East’s main refueling hub after a spate of attacks on vessels in the past two months ratcheted up tensions and highlighted the growing risks of operating in the region. Strikes on tankers just outside the Persian Gulf in mid-June were the second in a month
Investors led by Toby, Derek Rice want to overhaul EQT board EQT says electing Rice slate would lead to ‘managerial chaos’ From Bloomberg The nine-month battle for control of America’s largest natural gas producer has come down to a choice: The old guard, or the “shalennials.” Absent a settlement before EQT Corp.’s annual meeting in Pittsburgh on Wednesday, shareholders will decide between
By Tyler Losier, Energy Reporter, Oil & Gas 360 Sempra names Brian L. Kelly VP of federal government affairs Sempra Energy (stock ticker: SRE), an energy infrastructure company with an increasingly prevalent foothold in the LNG business, has appointed Brian L. Kelly as its new vice president of federal government affairs. Kelly will be based in Washington D.C. and will
By Tyler Losier, Energy Reporter, Oil & Gas 360 Patrick Conroy promoted to principal Intervale Capital, a private equity firm dealing mainly in the energy industry and the infrastructure products and services sector, has promoted Patrick Conroy to principal, effective immediately. Conroy first joined Intervale back in 2015, and since then, he has been responsible for managing numerous aspects of
By Tyler Losier, Energy Reporter, Oil & Gas 360 Acquisition of Lineal Star completed in an all-stock transaction Camber Energy (stock ticker: CEI), an independent E&P with a new focus on adding midstream, downstream and field service activities, closed its previously announced acquisition of Lineal Star Holdings on Monday through an all-stock transaction by entry into an agreement and plan
From Reuters The planned closing of an oil refinery in Philadelphia damaged by a massive fire last month will reverse nearly two years of capacity gains at U.S. refineries, according to a Reuters analysis of government data. Philadelphia Energy Solutions has said it will shut its 335,000 barrels per day (bpd) refinery this summer after a June 21 fire tore
From Reuters India’s state-run Mangalore Refinery and Petrochemicals Ltd (MRPL) has made its first purchase of U.S.-produced Thunder Horse crude oil via a tender for mid-October delivery, its managing director M. Venkatesh said on Friday. “The price offered was very competitive,” Venkatesh said. The state-run refiner placed an order to buy 1 million barrels of the sour oil, he said.
By Tyler Losier, Energy Reporter, Oil & Gas 360 Equinor swaps 16% stake in Lundin for $1.5 billion, buys 2.6% stake in Johan Sverdrup field on Norwegian continental shelf for $910 million Norwegian supermajor Equinor ASA (stock ticker: EQNR) has struck a deal with independent E&P Lundin Petroleum (stock ticker: LUPE.ST) to divest its 16% interest in Lundin, which equates
By Tyler Losier, Energy Reporter, Oil & Gas 360 Encana sells Newfield Arkoma Basin natural gas assets Encana Corporation (stock ticker: ECA), a Canadian-based company with unconventional assets in multiple North American basins, has agreed to sell its natural gas assets in Oklahoma’s Arkoma Basin to an undisclosed buyer through its wholly owned subsidiary Newfield Exploration Mid-Continent Inc. Total cash
